Filinvest has crafted an investment opportunity that will let you ride the tourism boom and thriving hotel industry in Cebu by making you a co-owner of one of the best quality hotel projects, soon to rise, in Cebu - The Grand Cenia Condotel and Residences.

 

The Grand Cenia project is a 25-storey condotel and residential tower that will rise along Archbishop Reyes, corner Solon Street in Banilad, Cebu - right across Ayala Center Cebu and the Cebu Business Park.

 

Two products are offered - the condotel units and the residential condominium units. The condotel units are 24.54 square meter hotel rooms available for purchase. These condotel units will be furnished and brought into a rental pool. All the units within the pool will be managed and operated as part of a fully functional hotel. Filinvest Land is currently looking to tie-up with Aston Resort International, an internationally renowned hotel and resort operator, for the hotel operations of the project. The proceeds generated from hotel operations, basically from renting out the pooled units, will then be subdivided to the condotel owners quarterly on a per square meter basis.  We are projecting an annual return on investment of 15%.  Thus, you will be able to recover your investment in about 6 years! Afterwards, you will continually and perpetually receive rental income.  Also, Condotel owners are allowed 14 nights free per year in the hotel plus generous discounts on extended stay. 

 

The residential condominium units are for long-term residential end users. 1 bedroom, 2 bedroom and 3 bedroom units are available. Residents shall enjoy the project’s strategic location right at the heart of the commercial and business district, its proximity to good schools, as well as all the advantages of condominium living complete with amenities and a sweeping view of the business center and the surrounding mountains.

 

And be it noted that Foreigners are allowed to own condo units in the Philippines!!